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Wealth Explained: Community Foundation

Community foundations are a popular giving vehicles for some donors. Here's a look at how they work.

This transcript has been automatically generated and may not be 100% accurate.

... the ... any donations are tax exempt nonprofit philanthropic organizations ... that aim to benefit community within a particular geography ... but New York Chicago or L a ... similar to a private foundation ... of community Foundation makes grants ... but it's different because the public charity and it can get contributions from a variety of donors ... they generally have a broad mission ... and threw them donors can choose to support a variety of charities ... donors usually need to meet some minimum to set up a grant making fun with in that foundation ... that's usually around five thousand dollars ... some donors to the private foundation may opt to get your work community and the students that ... as it may be cheaper to maintain and offer greater tax benefits ...